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Category Archives: Business

Nigerian Businessmen In Ghana Alleged Sabotage

Posted ago by Sandra Okenwa

Nigerians doing business in Ghana have called on the Federal Government to intervene in the attempt by Ghanaian authorities to expel them from the country. More than 200 businesses operated by Nigerians in the Kumasi area of Ghana were, Monday, …

Apple Buys Dr. Dre Beats With $3 Billion Deal

Posted ago by Adediwura

Apple finally announced it has acquired headphone maker Beats Electronic for $3 billion, including $2.6 billion cash up front and approximately $400 million in stock that will vest over time. As part of the deal, Beats co-founders Dr.D Dre and …

STRANGE BUT TRUE: Actress Ini Edo Ventures Into Bread Selling Business

Posted ago by Adediwura

It sounds absurd in its real sense, but it is simply a venture that could earn the voluptuous Nollywood actress, Ini Edo some extra cash. She now owns a bread business called Ini Edo Delicious Bread. Of course she won’t …

Picture Leaks: Guy Sample Female Student and Expose Her Nudé.

Posted ago by Kowope

The rate at which ladies pursue money these days is quite worrisome. You can hardly see a single lady in any of the major cities who is not desperate and ready to do anything with a man just to get …

Tara Durotoye to Open 30th Studio by end of the Year.

Posted ago by Kowope

One of the pioneers of makeup artistry in Nigeria and founder/CEO of House of Tara, Tara Fela Durotoye says by the end of 2014, she would be commissioning her 30th makeup studio in Nigeria. She recently opened her 16th studio …

Trader Arrested for Operating 25 Zenith Bank Accounts with Different Identities.

Posted ago by Kowope

39-year-old trader, Okonkwo Nwachukwu (pictured above), has been arrested by the Special Fraud Unit, Ikoyi, after it was discovered that he had opened 25 savings accounts with Zenith Bank, under different identities. The Special Fraud Unit spokesperson, DSP Ngozi Isintume-Agu, said the SFU Commissioner …

Prince Sues Facebook Fans For $22m For Posting Links To His Concerts.

Posted ago by Kowope

Prolific US singer/songwriter, Prince has instituted a lawsuit against 22 Facebook fans for posting links of his live concerts on their Facebook page and blogs without express authorization from him or his label. If found guilty in court, the fans …

President Jonathan Sacks Service Chiefs, Appoints New Ones.

Posted ago by Kowope

President Jonathan has sacked Nigeria’s Service Chiefs and appointed new ones. According to a statement by Presidential spokesperson, Reuben Abati, Air Marshall Alex Badeh is the new Chief of Defence Staff, replacing Admiral Ola Ibrahim. Major-General Kenneth Tobiah Jacob Minimah takes …

House Finance Committee’s 50 Questions: Okonjo-Iweala Provides Detailed 102 – Page Response.

Posted ago by Kowope

Find a press statement below… The Coordinating Minister for the Economy, Dr Ngozi Okonjo-Iweala has provided a detailed 102-page documented response to the 50 questions posed by the House of Representatives Committee on Finance. The document provides, in extensive detail, including …

Oby Ezekwesili Asks Ngozi Okonjo-Iweala Some Pertinent Questions on Twitter.

Posted ago by Kowope

Former Vice President of World Bank’s Africa division & former Nigerian minister Oby Ezekwesili is seeking to know what happened to the $10billion missing from the NNPC account. She tweeted at the Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala …

Kanye West Apologizes To Nike.

Posted ago by Kowope

After putting Nike and other designers on blast over the past couple of weeks, it looks like Yeezus may have had a change of heart. In a new interview, Kanye apologized to Nike for his recent outbursts. During a brief …

Kanye West Signs $10 Million Endorsement Deal With Adidas

Posted ago by Kowope

Following the split between Kanye and Nike, the American rapper has closed a $10 million dollar deal with Footwear giant-Adidas. Confirming the deal, Adidas stated; “For 2014, we welcome to the adidas family one of the most influential cultural icons of this …

Insight Sweeps Awards at Nigeria’s Largest Creativity Festival.

Posted ago by Kowope

For the second year running, Nigeria’s foremost Advertising Institution, Insight Communications swept almost every available prize at this year’s LAIF (Lagos Advertising and Ideas Festival) awards. The awards night which took place recently at Intercontinental Hotel, Lagos was indeed, a …

Banks in Nigeria to Identify Customers by Fingerprints in 2014

Posted ago by Elsie

  The Central Bank of Nigeria and the Bankers Committee yesterday sealed a biometric solution pact with a German Firm, Dermalog, for the development of a payment system that would be driven by fingerprints. The move, according to the CBN …

Nigerians Dominate Africa Person of the Year Shortlist

Posted ago by peculiar

Three Nigerians, a South African and a Zimbabwean are on Forbes’ shortlist for Africa Person of the Year 2013, BizTechAfrica reports.   The awards celebrate “the individual who, for better or worse, has had the most influence on events of the year …

Monetary Policy: Operators Foresee Lull in Banking Sector Stocks.

Posted ago by Kowope

Capital market operators have said that the banking sector might witness a lull as investors shift investment to other sectors. They told the News Agency of Nigeria (NAN) in Lagos that the shift was due to the Central Bank of …

Stockbrokers Differ on Capital Market’s Impact on Economy.

Posted ago by Kowope

Operators in the Nigerian capital market are divided over the impact of the stock market so far on the economy. Speaking on the background of impact of the market on Nigerian economy in the last 53 years, some of them …

Olofinjana Loaned to Owls

Posted ago by Kowope

Sheffield Wednesday have signed Hull midfielder Seyi Olofinjana on loan until the end of the season. The Nigeria international, 32, will go straight into Wednesday’s squad for their crunch derby clash with Barnsley at Hillsborough on Saturday. Olofinjana is reunited …

Banks on the Edge of Sever Liquidity Crisis Due to CBN Policies

Posted ago by Elsie

Following the Central Bank of Nigeria’s decision to impose 50 per cent cash reserve requirement (CRR) on public sector deposits, banks in the country seem to be facing a severe liquidity crisis.  Recent data show that banks, discount houses and …

Kcee Takes Over Again!

Posted ago by peculiar

Come 1st of November, hit-maker, Kingsley Okonkwo, better known as Kcee,  will return to reckoning  again with the release of his debut album as a solo artiste. Titled, ‘Take Over’, the album will be released under 5-Star Music. Kcee’s first …